VisaPenFed Power Cash Rewards
2% everywhere for members who keep a PenFed checking account.
Welcome Bonus
$100
≈$100 value
Spend Requirement
$1,500
in 3 months
Annual Fee
$0
No FTF
Credit Score
690+
(Good)
Current offer note: $100 statement credit
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Last verified 2026-06-10 · spot an outdated offer? Tell us in the comments.
Earning Rates
- 2xAll purchases (with Honors Advantage membership)
- 1.5xAll purchases (all other members)
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦Honors Advantage via military service or an Access America checking account
- ✦No caps on cash back
- ✦No foreign transaction fees
- ✦Visa Signature protections
Why it earns its spot
- +Uncapped 2% with no annual fee
- +Easy $100 bonus, many 2% cards offer none
- +No FTF, usable abroad
Where it costs you
- −Only 1.5% without the checking or military relationship
- −PenFed membership and a share account required
- −No bonus categories to pair with
The Compound Verdict
A clean 2% card if you are willing to hold a PenFed checking account, and military members qualify automatically. Without Honors Advantage it is a forgettable 1.5% card, so only apply if you will unlock the full rate.
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